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U.S. stocks traded mostly lower toward the end of trading, with the Nasdaq Composite dropping more than 50 points on Tuesday.
The Dow traded up 0.07% to 33,872.09 while the NASDAQ fell 0.51% to 10,993.66. The S&P 500 also fell, dropping, 0.11% to 3,959.43.
Leading and Lagging Sectors
Real estate shares rose by 1.1% on Tuesday. Leading the sector was strength from Offerpad Solutions Inc. OPAD and Newmark Group, Inc. NMRK.
In trading on Tuesday, utilities shares fell by 1.2%.
Top Headline
The S&P CoreLogic Case-Shiller 20-city home price index rose by 10.4% from a year ago in September.
Equities Trading UP
- Apollo Endosurgery, Inc. APEN shares shot up 67% to $10.01 after the company announced it will be acquired by Boston Scientific for $10 per share in cash.
- Shares of Bilibili Inc. BILI got a boost, shooting 23% to $15.44 after the company reported better-than-expected Q3 adjusted EPS and sales results.
- Citi Trends, Inc. CTRN shares were also up, gaining 26% to $29.31 after the company reported better-than-expected Q3 adjusted EPS and sales results.
Equities Trading DOWN
- MICT, Inc. MICT shares tumbled 30% to $0.7920 after dropping 13% on Monday. MICT said that the company is targeting a considerable share repurchase program post-merger close
- Shares of Enfusion, Inc. ENFN were down 15% to $10.48. Enfusion announced resignation of chief financial officer and reiterated Q4 and FY22 outlook.
- Alaunos Therapeutics, Inc. TCRT was down, falling 23% to $0.6732 after the company reported pricing of public offering of common stock.
Also check out: Dow Dips Around 500 Points, Market Volatility Increases Further
Commodities
In commodity news, oil traded up 1.2% to $78.17 while gold traded up 0.5% at $1,749.20.
Silver traded up 2.4% to $21.425 on Tuesday while copper rose 0.8% to $3.6390.
Euro zone
European shares were mixed today. The eurozone’s STOXX 600 fell 0.13%, London’s FTSE 100 rose 0.51% while Spain’s IBEX 35 Index slipped 0.01%. The German DAX fell 0.19%, French CAC 40 rose 0.06% and Italy’s FTSE MIB Index gained 0.10%.
The consumer confidence indicator in the Eurozone increased by 3.6 points to -23.9 in November. The services confidence indicator in the Eurozone rose to 2.3 in November versus a revised 2.1 a month ago, while industry confidence indicator fell for a ninth straight month to -2.0 in November. The economic sentiment indicator in the Eurozone increased 1 point to 93.7 in November.
Consumer credit in the UK increased by GBP 0.769 billion in October. Industrial producer prices in Italy climbed 20.8% year-over-year in October, while industrial sales fell by 1.2% over a month.
Asia Pacific Markets
Asian markets closed mostly higher on Tuesday, with the Japan’s Nikkei dropping 0.48% and Hong Kong’s Hang Seng Index jumping 5.24%. China’s Shanghai Composite Index climbed 2.31%.
Japanese unemployment rate came in unchanged at 2.6% in October, while retail sales rose by 4.3% from a year ago in October.
Economics
- The S&P CoreLogic Case-Shiller 20-city home price index rose by 10.4% from a year ago in September.
- The FHFA house price index gained 0.1% from a month ago in September.
- The Dallas Fed general business activity index for services in Texas climbed to -11 in November versus a reading of -13.6 in the previous month.
Check out this: Investor Sentiment Declines Amid Protests Over COVID Restrictions In China
COVID-19 Update
The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 100,507,920 cases with around 1,104,870 deaths. India confirmed a total of at least 44,673,170 cases and 530,610 deaths, while France reported over 37,686,600 COVID-19 cases with 158,770 deaths. In total, there were at least 646,686,640 cases of COVID-19 worldwide with more than 6,637,940 deaths.
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Image and article originally from www.benzinga.com. Read the original article here.